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Offshore veteran JL Daeschler brought the historic destruction of the Ocean Prince to my attention.

“At about 2 am on the day of the storm, the rig’s superstructure was torn off during a gale. By 7:10 am about a third of the drilling plattform had dissapared under 60 feet water.”

I didn’t realize that some early North Sea wells were drilled with semisubmersible rigs that were sitting on bottom, ala submersibles.

Per JL Daeschler, “the barge master on Ocean Prince was unsettled about sitting on a sandbank in the North Sea with waves as deep as the water depth, hence accelerating the scouring around the pontoon on the sea bed and distorting the forces on an unsupported hull. On a semisubmersible floating rig there is a great level of compliance between the mooring system and the forces on the leg and bracing. Worst case, you let the mooring go and drift. 

It’s noteworthy that: “During the same storm which claimed the ”Ocean Prince,” the rig’s sister ship ”Ocean Viking,” while drilling afloat, withstood winds and waves of equal force.”

The entire crew of the Ocean Prince was safely evacuated. The helicopter pilot’s last name was fitting given his bravery during the rescue!

“Hero of the rescue effort was Capt. Robert Balls, 32, a former naval pilot who was alerted to remove the stranded crewmen. Within 45 minutes after he was awakened at Scarborough Hotel at 6 a.m., he was piloting a Wessex 60 helicopter across the North Sea fighting gale winds 400 feet up.”

“Captain Balls flew the copter with a minimum load of fuel in order to carry more than a full passenger load to the oil rig ”Constellation,” which was drilling about 20 miles south of the ”Ocean Prince.” On the first lift he transported 19 men. Usually, the capacity of the Wessex 60 is 16. On the second trip he took 18 crewmen. The final trip, he flew eight men directly to Scarborough.”

Before the storm:

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BBC article

The images were provided by Magellan, a UK company that conducts surveys for the offshore oil and gas industry:

“Established in 2015, Magellan is driven by a management team whose background includes offshore contracting, geotechnical survey and ultra-deep water ROV operations, including environmental and site investigation.  These operations have been conducted for a wide range of clients across the oil and gas, fibre-optic and subsea recovery industries.

Supported by the board, the management team have guided and overseen the integration of standard oil and gas practices as well as the building and development of 6,000m ROVs, specialist and innovative winches and a range of purpose-built subsea tooling.”

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The offshore oil and gas (O&G) sector is set for the highest growth in a decade in the next two years, with $214 billion of new project investments lined up. Rystad Energy research shows that annual greenfield capital expenditure (capex) broke the $100 billion threshold in 2022 and will break it again in 2023 – the first breach for two straight years since 2012 and 2013.

Offshore activity is expected to account for 68% of all sanctioned conventional hydrocarbons in 2023 and 2024, up from 40% between 2015-2018.

Rystad

Comments:

  • Middle East investment continues to be strong
  • Good for South America thanks to Brazil (16 new FPSOs by the end of the decade) and the Guyana success story.
  • Strong forecast for Norway and the UK boosts Europe.
  • North America could do far better with less obstructive access policies.

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15 Minute Cities

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A firm with a licence to drill for natural gas in Manx waters expects to begin exploratory works in October, its chief executive has said.

Crogga has appointed Three60 Energy to drill an appraisal well to understand how much gas is under the seabed 17km (10.5miles) off Maughold Head.

BBC
Isle of Man

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This rather arrogant and condescending policy makes neither good business sense nor good social sense (unless you support energy poverty), but I’m sure the executive team is proud. That said, they do seem to have left themselves with a fair amount of wiggle room.

In line with the policy, we will no longer provide new lending or capital markets finance for the specific purpose of projects pertaining to new oil and gas fields and related infrastructure when the primary use is in conjunction with new fields.

We will continue to provide finance or advisory services to energy sector clients at the corporate level, where clients’ transition plans are consistent with our 2030 portfolio-level targets and net zero by 2050 commitment.

HSBC

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Using satellite data, SpaceKnow detected 2 “dark ships” near the pipelines prior to the explosions. The ships were operating with their automatic identification system (AIS) transponders turned off or malfunctioning. While this is cause for suspicion, no data were provided on the frequency of such issues in the Baltic. Also, what were the specific routes and timelines for these vessels? Absent this information. the “dark ship” reports aren’t terribly meaningful.

Although the assumption that the explosions occurred outside the pipeline seems most likely, some observers have suggested that the explosions were internal. It’s unknown whether the investigators have ruled out this possibility.

Meanwhile, the folks in Germany and elsewhere in Europe are understandably impatient. They want answers from their governments!

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Two supporters of Just Stop Oil have thrown soup over Vincent Van Gogh’s Sunflowers, as actions in the capital roll into the 14th day. They are demanding that the UK government halts all new oil and gas projects.

Just Stop Oil

Why these stunts will continue in Europe and N. America:

  • Minimal penalties for their behavior.
  • Publicity and contributions. (Donate buttons are the main feature of JustStopOil)
  • Prominent supporters and leading political figures have endorsed their message, if not their conduct.
  • Weak, imbalanced educational systems, particularly with regard to energy.

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